Andreessen Horowitz Scales Back UK Crypto Market Push
Venture capital (VC) giant Andreessen Horowitz (a16z) is shifting its focus away from the UK crypto market to concentrate on the US under President Donald Trump’s administration, as reported by The Financial Times.
Reduction in UK Operations
- The firm opened its first office outside the US in London in 2023.
- a16z has signaled plans to reduce time and resources allocated to UK operations.
- Two sources familiar with the firm’s discussions confirmed the pivot.
Trump Administration Influence
With the Trump administration’s crypto-friendly stance, a16z is realigning its priorities:
- President Trump signed an executive order to promote digital assets in the US.
- Sriram Krishnan, who led a16z’s UK operations, joined the Trump administration.
- Founders Marc Andreessen and Ben Horowitz advise Trump on technology policy.
Return to the US
Andreessen Horowitz’s London office, once a symbol of confidence in the UK’s fintech hub status, is now seeing reduced presence:
- Initial support from then-Prime Minister Rishi Sunak
- Investments in UK-based crypto companies like Arweave and Aztec
- Shift towards US-based deal leadership
Future Focus on Infrastructure Projects
a16z, with $43 billion in committed capital, is prioritizing crypto firms working on infrastructure projects:
- Nearly 200 deals related to crypto firms
- Preference for teams building infrastructure projects
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